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Jen W

@elladawg21.bsky.social
320 followers 313 following 23 posts

Tax attorney (estate/gift/GST), mom, runner, tax policy nerd, proud sis of USMC pilot (ret.)

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Reposted by Jen W
Matt Binder @mattbinder.bsky.social · 07/10/2026
the tech industry is about to invent books
Andrew Yeung 
@andruyeung
X.com
We created gyms because modern day work no
longer required physical activity. Without exercise,
our muscles atrophy.
I predict we'll need gyms for our brains too, once Al
starts doing our knowledge work.
10:53 PM • 10/4/26 • 1.3M Views
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Carl Quintanilla @carlquintanilla.bsky.social · 05/10/2026
GOLDMAN: High rates “have revived fiscal sustainability concerns. The large primary deficit remains the main driver of the debt-to-GDP ratio, but persistently higher rates would boost interest expenses and push the ratio up faster—raising the odds that deficit reduction becomes necessary sooner ..”
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Elizabeth Anne, PhD @lacksauthority.bsky.social · 05/10/2026
never the wrong time for this classic
Screenshot of a tweet by @RobbtKraft reading “scientist: "does everyone here know what Watson and Crick discovered?" 
me from back of room: "Rosalind Franklin's notes"”
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Carl Quintanilla @carlquintanilla.bsky.social · 05/10/2026
“.. the continuing divergence between corporate profits as a percentage of GDP versus compensation.” - Sarmaya Partners substack.com/@sarmayakar?...
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Tax Notes @taxnotes.com · 05/10/2026
The IRS Criminal Investigation division spent $40 million assigning special agents to task forces on immigration and local law enforcement, shifting resources away from tax-related investigations, an agency watchdog found.
taxnotes.co
IRS CI Spent $40M Supporting Immigration, Crime Task Forces | Tax Notes
Tax Notes is the first source of essential daily news, analysis, and commentary for tax professionals whose success depends on being trusted for their expertise.
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Jake Grumbach @jakemgrumbach.bsky.social · 04/10/2026
A goal of this administration being achieved: “American pre-tax corporate earnings have grown by $1.2trn, or 30%. … And yet taxes on corporate profits have collapsed.” www.economist.com/finance-and-... h/t @talsmith.bsky.social
The unplucked goose
US, revenue from corporate-income taxes, $bn
12-month moving total
Actual
CBO
estimates*
550
500
450
400
350
300
T
T
2022
23
24
25
Sources: Congressional Budget Office;
Piper Sandler; US Treasury
THE ECONOMIST
26
27
*Feb 2026
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The New York Times @nytimes.com · 04/10/2026
When the Trump administration started dismantling a $368 million ocean monitoring system earlier this year, scientists, fishermen and Congress fought back. On Saturday, a 238-foot ship set sail to reinstall the first batch of monitors in the waters of the Pacific.
nytimes.com
After Outcry, Monitors the Trump Administration Tried to Scrap Return to Sea
Under pressure from Congress, a network of ocean monitors that provides vital data to meteorologists, climate scientists, oceanographers and the fishing industry is being restored.
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Marc Elias @marcelias.bsky.social · 04/10/2026
CNN and CBS News are now under the control of the Ellison family. We need independent, pro-democracy media to grow. If you agree, please subscribe to Democracy Docket now. demdock.com/4w6emld
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Justin Wolfers @justinwolfers.bsky.social · 04/10/2026
In 1989 CEOs made 60x the average worker. Today it's 325x. I guess the corporate ladder is getting taller. With @svaneksmith.bsky.social newsletter.platypuseconomics.com/p/…
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Mike Zaccardi, CFA, CMT @mikezaccardi.bsky.social · 04/10/2026
Push may soon come to shove... Federal net debt (accumulated deficits to reach 120% of GDP by 2036 JPMAM (Social Security's primary retirement trust fund is projected to be depleted in late 2032)
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The Tennessee Holler @thetnholler.bsky.social · 03/10/2026
Good list @rokhanna.bsky.social
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David Ho @davidho.bsky.social · 03/10/2026
I don’t think everyone realizes how bad things are for US science: For the fiscal year that just ended, the Trump regime withheld $1.4 billion from the National Science Foundation’s research budget, which is about 1/5 of its primary research budget.
nytimes.com
National Science Foundation Diverted $1.4 Billion in Science Funds Mandated by Congress (Gift Article)
The move, affecting about one-fifth of the National Science Foundation’s primary research budget, is the latest sign of how the White House is asserting more control over grants.
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Ed Zitron @edzitron.com · 02/10/2026
This is the dodgiest and most-desperate thing I’ve seen in the bubble so far. Amazon selling their chips to a group of investors and leasing them back - an off balance sheet arrangement done in plain sight. Really scraping the bottom of the barrel here. And they’ll probably buy more!
Amazon is seeking to offload about $8bn of advanced Nvidia chips to external investors through a new vehicle aimed at strengthening its balance sheet, according to people familiar with the matter.
The Seattle-based cloud giant has held talks with investors in recent weeks to gauge interest in the deal, which would allow the company to spin off thousands of Grace Blackwell chips it is deploying in data centres across the US into a special-purpose vehicle.
Amazon will then lease the advanced AI chips back from the SPV, which would tap outside investors through debt issuance. By unloading the expensive semiconductors to investors, the company could adopt a more asset-light approach to its balance sheet.
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Mother Jones @motherjones.com · 02/10/2026
One of the Trump family’s businesses is on its way to becoming a bank. And it’s set to be regulated by a government entity whose leader was appointed by, you guessed it, President Donald Trump.
motherjones.com
Why Trump’s crypto business wants to become a bank
Sen. Elizabeth Warren decries the first family’s latest crypto play as a “clear conflict of interest and corruption.”
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Roger @arbejdsmyren.bsky.social · 02/10/2026
In Denmark a scientist plotted data and research findings into Claude, only to see Anthropic publish the findings as something the LLM had conjured up on its own. The theft of one scientist’s data and work translates into false claims about the model’s ability to generate research #ai #eupol
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The Washington Post @washingtonpost.com · 02/10/2026
Maryland became the first state to bar grocery stores from using electronic pricing tools to adjust the cost of food items throughout the day, which critics say could enable retailers to unfairly manipulate prices at a time when households are already squeezed by rising costs.
washingtonpost.com
Maryland becomes first state to ban dynamic pricing in grocery stores
The measure comes as households are struggling with rising costs.
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Carl Quintanilla @carlquintanilla.bsky.social · 30/09/2026
Four-byline alert: “.. Meta claimed that $4.1 billion of stock options exercised by Mr. Zuckerberg counted as a research expense ..” @nytimes.com $META www.nytimes.com/2026/09/30/t...
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The Boston Globe @bostonglobe.com · 30/09/2026
A Spotlight Team report found a wave of little-known nursing home owners with opaque funding have gone on a buying spree across Massachusetts. Nearly all of these chains have, on average, eroded care. Read the story: trib.al/owSMfDM
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LiveSquawk @livesquawknews.bsky.social · 30/09/2026
Meta Avoids Billions In Federal Taxes By Classifying Its Data Centres As Experimental - NYT www.nytimes.com/2026/09/30/t...
nytimes.com
How Meta Uses A.I. Data Centers to Avoid Billions in Federal Taxes
Meta is exploiting a lucrative tax break intended to support research and experimentation. Its own accountants say the gambit is risky.
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DBdant @dbdant.bsky.social · 29/09/2026
This tidbit was in the article. 🎈💥 ? "Goldman Sachs warned Friday that AI hyperscalers, including Meta, need to generate roughly $300 billion a year in AI services revenue just to break even on their capital spending—and $1 trillion annually to earn meaningful profits—spooking investors."
finance.yahoo.com
Mark Zuckerberg Loses $9 Billion In A Day As Goldman Sachs Pours Cold Water On Meta Stock Rally
Zuckerberg’s $9 billion loss was the biggest single-day drop among any billionaire Friday.
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James Medlock @jdcmedlock.bsky.social · 27/09/2026
The GOP cut funding to the IRS because *audits work* and they fundamentally don't believe rich people should have to play by the rules.
Line chart titled "Revenue per audit," subtitled "In-person audits, 2010-2014." It plots average revenue and average cost per audit by taxpayer income percentile, poorer to richer, from the 0–5th percentile to the top 0.1%. Source: Boning et al. 2023, "A Welfare Analysis of Tax Audits Across the Income Distribution."

Across the bottom half of the income distribution, revenue and cost track closely, both around $3,000–$6,000 per audit. Above the median, revenue pulls ahead of cost: about $10,000 vs. $5,000 near the 90th percentile, and about $17,000 vs. $8,000 at the 95th–99th. At the top, revenue jumps to about $31,000 for the 99–99.9th percentile and about $90,000 for the top 0.1%.
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The Washington Post @washingtonpost.com · 28/09/2026
Autumn Daniels went to the ER for a severe migraine. After four hours, with no indication Daniels would be seen soon, she went to another hospital. Having left without getting treatment, Daniels didn’t expect to be charged. Then the bill came.
washingtonpost.com
She waited for hours and left untreated. The ER billed her anyway.
The hospital said her visit began as soon as “care,” which could mean registration and nursing assessment, was initiated.
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Mike Zaccardi, CFA, CMT @mikezaccardi.bsky.social · 26/09/2026
UBS: Debt levels and servicing costs are a point of concern USA government debt-to-GDP ratio likely to have doubled from 2007 to 2030 Cost of debt up 2.5x from 2020 to 2030e
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The Washington Post @washingtonpost.com · 25/09/2026
Dozens of cyclists raced in the annual British Penny Farthing Race in London last week. The high-wheeled bicycles date back about 150 years and have no gears, making climbs, descents and turns challenging.
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Carl Quintanilla @carlquintanilla.bsky.social · 24/09/2026
“.. advanced economies paid over $3.3 trillion in interest on internationally traded government bonds last year, more than global spending on AI ($2.6 trillion), defense ($3.1 trillion), or clean energy ($2.3 trillion).” @cnbc.com www.cnbc.com/2026/09/24/g...
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Ian Smith @iankmsmith.ft.com · 24/09/2026
"There appears to be a lot of pain on the street in fixed income" US borrowing costs climb yet higher after a day to forget for the Treasuries market 📈 www.ft.com/content/2d87...
ft.com
Global bond sell-off deepens as oil climbs back to $105
Rising yields strain public finances after brutal sell-off in US Treasuries market
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Center for Angletonian Thought @blackthr0atedwind.bsky.social · 23/09/2026
Can't comment on Canada but the rest checks out
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Carl Quintanilla @carlquintanilla.bsky.social · 23/09/2026
“.. Bernstein analysts put out a report this month that projected about 35% of the planned North American data center pipeline will ultimately get built.” 👀 @bloomberg.com www.bloomberg.com/news/newslet...
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Paul Eric @pauleric70.bsky.social · 21/07/2026
Walter Cronkite: After liberating execution camps… Germans (who cried) they didn’t know…were as as guilty as Nazis…because they applauded when Hitler shut down (media) and said, ‘We don’t need to know. We trust our government...’ It’s our duty to know.
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Tony Tassell @tonytassell.bsky.social · 23/09/2026
How private equity ended up in limbo?chartastic piece on PE's big problem - a rising pile of unsold companies as exit routes dry up. The big questions: what happens from here and what are the consequences for everyone? by @alexandraheal.bsky.social @claradoodle.bsky.social as.ft.com/r/34f515ca-1...
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Carl Quintanilla @carlquintanilla.bsky.social · 22/09/2026
PARCL LABS: “.. Single family home accidental landlords continue to pile into the rental supply in #Texas. .. Today, 13% of every single family home unit available for rent in Texas is originating from owners who tried to sell their home and couldn't.”
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maura quint @mauraquint.bsky.social · 22/09/2026
This guy made one great video on wealth inequality 13 years ago and then went silent. This month, he's putting out new vids, with recent data. The one below is a fantastic visualization and explanation on affordability and what addresses the problem. Great for sharing www.youtube.com/watch?v=Wxdo...
youtube.com
Income Inequality in America (Part 1 of 2)
YouTube video by politizane
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🇨🇦JOY 🇨🇦 @joycomes.bsky.social · 22/09/2026
Juvenile Northern White-faced Owl leaves the nest and begins walking on the ground, climbing, nearby branches at around 27 to 28 days Native to sub-Saharan Africa, small only 19-22cm when full grown Hunt mostly at night for invertebrates small rodents Pairs mate for life, sharing all duties
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James West @jamespwest.bsky.social · 22/09/2026
The quotes in this are totally bonkers. We sued OpenAI. Now, court documents are revealing what AI execs apparently knew and when—about the meaning and scale of their “astonishing theft" (their words), and what it would do to publishers. 👀
motherjones.com
AI exec: We may have pulled off “the largest theft of labor in human history.”
Documents from our lawsuit reveal how tech leaders talk when they think no one is listening.
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Carl Quintanilla @carlquintanilla.bsky.social · 22/09/2026
“.. The distress rate in commercial real-estate collateralized loan obligations, a type of securitized real-estate lending, hit 28% in August, a jump from 19% in July ..” @wsj.com www.wsj.com/real-estate/...
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Ed Zitron @edzitron.com · 22/09/2026
As discussed a few weeks ago, SoftBank portfolio company SB Energy has signed $439 billion in business with SoftBank portfolio company OpenAI, which is also an investor in SB Energy, as well as its largest (and only real) client. It has now pulled its IPO. www.wheresyoured.at/premium-the-...
https://www.wheresyoured.at/premium-the-haters-guide-to-circular-financing-part-two/#:~:text=To%20summarize%2C%20SoftBank
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Carl Quintanilla @carlquintanilla.bsky.social · 21/09/2026
Page One in SFO: ⛽️
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Rachel Maddow @maddow.bsky.social · 19/09/2026
"The price of heating oil, a fuel that is very similar to diesel, is up roughly 60% since the start of the war in Iran on Feb. 28. "Many Americans are heading into a 'much more expensive' winter..." www.nytimes.com/2026/09/18/b...
nytimes.com
Why the Iran War Will Make Heating Oil More Expensive for Some This Winter
The cost of heating oil, which is similar to diesel and used extensively in Northeastern states, has climbed sharply because of the war in Iran.
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Ed Zitron @edzitron.com · 19/09/2026
𝕃𝕒𝕒𝕒𝕒𝕒𝕕𝕚𝕖𝕤 𝕒𝕟𝕕 𝕘𝕖𝕟𝕥𝕝𝕖𝕞𝕖𝕟, 𝕚𝕥’𝕤 𝕥𝕚𝕞𝕖 𝕗𝕠𝕣 𝕒𝕟𝕠𝕥𝕙𝕖𝕣 𝕘𝕒𝕞𝕖 𝕠𝕗…
Man standing in front of big neon sign that says “is that good?” As the crowd chants the same. Art by Mattie lubchansky
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Truthout @truthout.org · 18/09/2026
The Trump administration is reportedly considering a dozen data center projects to be built on public lands, a plan that would grant tech firms at least 17,600 acres of protected lands across six states — Arizona, Idaho, Nevada, Oregon, Utah and Wyoming.
buff.ly
There Are 0 Data Centers on Public Lands. Trump Is Considering Building 12.
The Trump administration quietly fast tracked a data center project in Nevada earlier this year.
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Jason Kint @kint.bsky.social · 17/09/2026
Eye popping. Court just unsealed Summary Judgment motions in New York Times v OpenAI / Microsoft. Easy to see why the AI companies had so many redactions (pink). Their own people wrote the lede for NYT, the "largest theft of labor in human history"... "more and more substitutive..." /1
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Catherine Rampell @crampell.bsky.social · 17/09/2026
Under Trump, the IRS is refusing to release its usual annual estimate of how many taxes go unpaid. Gee I wonder why www.nytimes.com/2026/09/16/b...
nytimes.com
Billions in Taxes Go Unpaid. Under Trump, the I.R.S. Won’t Say How Much.
The absence of the annual estimate on the tax gap could make it more difficult to assess whether more taxes are going unpaid since President Trump took office.
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ProPublica @propublica.org · 17/09/2026
ProPublica identified 17 people who each shielded at least $1 billion in capital gains from the so-called Net Investment Income Tax. Together, this small group, by collectively exempting more than $35 billion, saved about $1.3 billion in taxes. (Published Dec. 2024)
propublica.org
How Billionaires Sidestepped a Tax Aimed at the Rich
Wall Street financiers were a clear target of the tax, but some, on questionable legal grounds, have claimed their outsized profits were exempt, sometimes avoiding hundreds of millions in taxes.
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The Editorial Board @editorialboard.bsky.social · 16/09/2026
No matter what happens in the midterms, this is going to happen in the winter. Brace yourselves. www.cnn.com/2026/09/14/b...
cnn.com
Get ready for a 30% jump in heating oil costs this winter as Iran war drives up prices | CNN Business
The cost of electric heat is projected to increase 9%, while heating with natural gas is expected to rise by 5.8% in price.
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Carl Quintanilla @carlquintanilla.bsky.social · 16/09/2026
Burry:
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Roosevelt Institute @rooseveltinstitute.org · 15/09/2026
Corporate tax cuts in the OBBBA were sold in part as a way to make American companies more competitive. Now, down $96 billion in corporate tax payments, it’s increasingly obvious we’re subsidizing an enormous acceleration in AI while AI leaders themselves warn about the pace of that acceleration.
politico.com
Corporate tax payments plunge as AI feasts on new incentives
A generous tax break on capital investments Republicans created in 2025 wasn't designed specifically for the AI boom, but hyperscalers are making the most of it.
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David Rothkopf @djrothkopf.bsky.social · 14/09/2026
The end of the world guys are getting a tax break.
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Mohamed A. El-Erian @elerianm.bsky.social · 14/09/2026
Two notables: Markets are now pricing in a 90% probability of a Fed rate hike this week. The national average price of diesel in the US has risen to $6.25 a gallon. #federalreserve #markets #economy #diesel
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Jill Lawrence @jilldlawrence.bsky.social · 14/09/2026
Trump-GOP's 2025 tax policies in action: "Budget forecasters say payments are down 25%, or $96 billion, after falling 15% last year. That’s fueling complaints those investment breaks are providing a windfall for the tech world, and giving a bad deal to taxpayers." www.politico.com/news/2026/09...
politico.com
Corporate tax payments plunge as AI feasts on new incentives
A generous tax break on capital investments Republicans created in 2025 wasn't designed specifically for the AI boom, but hyperscalers are making the most of it.
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Carl Quintanilla @carlquintanilla.bsky.social · 14/09/2026
“.. They’re going to do it either way,” Gardner said. “That they’re getting generous tax breaks for doing so is just icing on the cake for them.” @politico.com www.politico.com/news/2026/09...
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